Edward Company purchased a bulldozer on July1 , 2003.for $120,000, and estimated the useful life of the bulldozer to be 60,000 hours of use, and a salvage value of $30,000. In 2003, they used the bulldozer for 12,000 hours, and in 2004, it was used for 16,000 hours before it was destroyed by a fire. The proceeds from the insurance company were $80,000. The journal entry to record the disposal of the bulldozer will include a: A) debit to loss on disposal of $7,000 B) credit to gain on disposal of $2,000 C) debit to loss on disposal of $2,000 D) debit to loss on disposal of $16,000 E) credit to gain on disposal of $16,000

When an interest-bearing note comes due and is uncollectible, the journal entry includes debiting

Oakmont company has an opportunity to manufacture and sell a new product for a four-year period. the company’s discount rate is 18%. after careful study, oakmont estimated the following costs and revenues for the new product: cost of equipment needed $ 230,000 working capital needed $ 84,000 overhaul of the equipment in year two $ 9,000 salvage value of the equipment in four years $ 12,000 annual revenues and costs: sales revenues $ 400,000 variable expenses $ 195,000 fixed out-of-pocket operating costs $ 85,000 when the project concludes in four years the working capital will be released for investment elsewhere within the company. click here to view exhibit 12b-1 and exhibit 12b-2, to determine the appropriate discount factor(s) using tables.

(a) what do you think will happen if the price of non-gm crops continues to rise? why? (b) what will happen if the price of non-gm food drops? why?